December is always a slow month for real estate, but San Marino California pretty much took the entire month off. There were only 2 San Marino homes listed for sale in December. And, only 22 homes, overall, available for sale.
The number of closed sales in San Marino has been pretty stable with a little under 10 homes selling each month for the last six months. December was no exception - 9 home sales.
Only 3 homes though, went into escrow. With banks taking time off for the holidays, we will have a very slow sales month this January.
The lowest priced San Marino home is listed at $1,050,876 and is located at 465 Winthrop Road. This home is 3 bedrooms and 2 baths with 1,480 sq. ft.
The highest priced San Marino home is still the $7.9 million Old Mill Road estate. This San Marino luxury property sits on over 82,000 sq. ft. lot and has 8 bedrooms and 7 baths.
Also, for my data loving readers, please visit San Marino real estate blog for a detailed analysis of the San Marino real estate market over the last five years: San Marino Housing Analysis - Five Years in Review
San Marino Real Estate Statistics for October through December 2008:
on the Market
Price Per Sq. Ft.
Rate (# of weeks to sell
current inventory at present rate of sales)
Data of San Marino homes for sale and San Marino solds was taken directly from
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TO WEEKLY SAN MARINO REAL ESTATE MARKET REPORT BY THE
PREMIER REAL ESTATE REPORTING ANALYSIS FIRM, ALTOS RESEARCH
Posted by Irina Netchaev, San Marino Luxury Home
Real Estate Specialist